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CNN
Dec 31, 2012 6:00pm PST
minority leader mitch mcconnell, but senato harry reid was very involved in all this, and the hold up for the last six some hours this evening, the republican leader, senate minority leader, mitch mcconnell, and the white house had fundamentally come to an agreement on principle, and there was this stall in the talks for the last hours tonight. it was because democratic leader harry reid was refusing to give in on some points that were very important to the democrats. and so he's won some concessions, and that should help make the vice president's sell even easier tonight. you know, there are some people saying, look, don't say we have a deal until you know, everyone signs on inside that room. now, what we know is that there is a deal in principle between reid, mcconnell, and the white house. that is the major hurdle they had to overcome, and it's now all but the selling, and of course, the voting, wolf. >> they have to draft it and put it in a form of legislation. dana bash is our senior congressional correspondent. is there anything else, jessica, you wanted to add before we bring i
FOX Business
Dec 27, 2012 6:00pm EST
. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a cliff, what can you and your family expect come january 2? president of the american action reform joins me now. so, windows narrowing, what can we expect from here? >> if we literally go on autopilot and they fail to change course, i am worried about the economy. some sharp equity market attractions, consumer confidence has already begun, lots and lots of notices sent out, layoffs scaring people to death. this is not a good news story for anybody looking for a job. gerri: the clock keeps on taking. the cover of "the new york post," pretty amusing. off the fiscal cliff, this is really going to hurt. i think everybody can relate to that one. for taxpayers, $500 billion increase in taxes. how will that hit people, how meaningful is it going to be, will they see the results in their first paychecks? >> for sure the hig
MSNBC
Dec 27, 2012 8:00am PST
, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum that the president wants to see done before we hit january 1st. i've got to tell you, though, getting back to the votes, the votes simply aren't there in the house of representatives for that. they're likely not even there in the senate, so we're back at s
CNBC
Dec 28, 2012 4:00pm EST
to not getting anything done. senate majority leader harry reid had this to say on the senate floor yesterday. >> months and months of talks between the president and boehner, both times boehner could not deliver because they refuse because of grover norquist to allow any tax revenues whatsoever. they cannot cross over the threshold that has been built by grover norquist. >> grover norquist joins us now exclusively here on cnbc. grover, we just heard you are the target of those comments, but did harry reid get it wrong, because i thought that your organization actually gave its blessing to boehner's plan "b." >> reid has it wrong on a number of levels. the first, of course, is that the pledge that many congressmen and senators have made to oppose tax increases is made to the people of their state, not to me. in fact, harry reid now has the republican senator joining him from nevada who won because he made that commitment. he took the pledge, and the democrat that harry reid supported attacked him for taking the pledge, and the people of nevada said we want a senator who will stand with us aga
MSNBC
Dec 27, 2012 10:00pm PST
last night and tomorrow afternoon we will meet with the speaker and mix mcconnel and harry reid to see if they can avoid going off the fiscal curb on january 1st. today harry reid emphasized that there is ome one reason why they are unable to reach an agreement so far. >> this has been going on for years. they cannot cross over the threshold. people are not proposing making the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues. harry reid saying we did our job months ago. do you think we til would posturing stage at the end of that white house meeting tomorrow? >> in your introduction you made the fundamental point here which is that this agreement before the end of the year, simply cannot go forward unless john by nor is willing to let it do so with majority democrats in the house. if we go over the curve as you put it, they can vote for a large tax decre
CNBC
Dec 27, 2012 4:00pm EST
, including that man, harry reid, the majority leader of the senate. we've been getting mixed signals. the biggest signal we got was regarding the house which is coming back to -- reconvening sunday night, and that brought the market back in a big way, but now we're hearing from mitch mcconnell and let's bring in eamon javers there on capitol hill, i mean, the rumor had been, a lot of traders talking here, eamon, that maybe there's a dell brewing between the president and the senate. that doesn't sound like anything is going on right now according to rich mcconnell. >> what we got was a facebook post from scott brown who said he was come back to washington and jumping on an airplane to review some new proposal from the president that they expected to get. the whole afternoon has been spent by reporters trying -- trying to figure out what was going on. now harry vaed responding to mcconnell so let's right to it. >> he's upset because, quote, the phone never rang. he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passe
FOX News
Dec 28, 2012 9:00pm PST
the president what s your plan, senator harry reid are you going pass a budget. i really do believe that the president and the democrats really have no intention and as a result have no plan to limit the rate of growth in government and no plan to save social security and medicare and we need to start putting political pressure on them to show the american people a plan. the house passed two budgets since i have been here. they both include some proposal to save medicare. the democrats have not done that and this is really where we start turning the messaging on them and start demanding. i think the american people have a right to know, president obama are you going so solve the 92% or 93% of the deficit. what is it that you talked about on the campaign trail? >> sean: how can you help me he out or help the american people out. they don't know what taxes will be in a couple of days and now we are counting the hours. how is it possible the u.s. senate does not pass a spending bill which constitutionally they are supposed to pass in over three years, over 13 hyundais and then elect th
FOX News
Dec 30, 2012 7:00pm PST
on the senate side. >> that's right. senate majority leader harry reid said we should talk to vice president biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still time left to reach an agreement. >> meanwhile west virginia democrat joe mansion introduced the calm act trying to soften the blow as the country goes off the fiscal cliff. it would maphase in tax hikes or the years and prioritize spending cuts. he says he's frustrated and tried to do something. >> it was crossing the wires it's more than frustration it sounds like desperation at this point as they are losing hope. the chained cpi the social security adjustment you were talking about basically changes the way they configure the cost of living and would make those benefits s
CNBC
Dec 27, 2012 1:00pm EST
leader harry reid says the u.s. is probably going over the fiscal cliff. he's planning a news conference. we don't have the exact time. when it goes, we'll go there. investors getting quite nervous. obviously the dow dropping below 13,000. the first time since early december. fear index is spiking the vick. what going over the cliff will mean for you and your money. we will talk about it this hour. >>> airline stocks flying high sitting at 1 1/2 year highs. will it be smooth skies for the industry next year in 2013. phil lebeau has the report. >>> how about housing? what a story housing has been this year. a milestone. home prices on track for their first year-over-year gain since 2006. is the worst finally over? some say yes, others say no. what does michelle caruso-cabrera say. >> tyler, let's drill down to the numbers you were talking about. only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. the nasdaq, the biggest decline. 3
FOX
Jan 1, 2013 5:30am EST
llss than $450,000. senate majority leader harry reid said their goal as to prottct america's middll cclss.miidle class the assuuance that their taxes - won't go up 22-hundred doolars each. they'll have the certaintt o plann ow they'll pay for groceries, rent, car senate minority leader mitch mcccnnell said republicans agreed toothe measure rather thhn let the middle class ssffer.we don't think taxes should be goong up on anyone but we all knew that if we did on everyone oday. e weree't going to let thaa happen.the house reconvenns today at noon measure at that time.i'm ed payne reporting. u-s lawmakers also haae tt worry aboot the debt ceiling. the u-s reached its legal borrrwing limit of 16-point-4 treaaury departmeet is takkng measurre to buy ime unnil the end of february. same sex marriaae is &pofficiallyyon the booos here in maayland. maryland.by the aathority vested in mm i pronounce ou marrred... cheers cheers several couples married soon city hall.vvttrs legaliied the unions n novembbr... and the as tte clook struckk12.one of legally wed in maryland says it's been a lon
CNBC
Dec 31, 2012 7:00pm EST
connell and harry reid. clearly the personal animosity got to be too much for those two to continue negotiating. clearly the president was happy with biden being a part of this final push here. if the reports are right, he is coming up to sell the deal to him. a lot of whom have expressed reservations about him. >> now, let's get reaction from the senate side. senator tom coburn as always sir, if we are going to throw over the see quester, i get that, but the thing that bothers me the most. if we are going to substitute tax revenues instead, i think that leads us down the wrong road. i agree. look, cutting $1.2 trillion over the next ten years was hard one to battle hard for the country to go through. what is being proposed now is $600 billion in tax increased with about a fifth of it to be spent to buy down things. with $480 billion to decrease the deficit. we had our choice we wouldn't be doing it that way. the government is too big and in effective we could take most of the money by decreasing spending. the 11th hour and there are a lot of people who shouldn't be having tax increases if we d
CNBC
Dec 27, 2012 12:00pm EST
. they will be trading down, judge, i think. and these idiots from harry reid to the president on top and john boehner included, i'm equal opportunity, it's horrible. >> we heard the same thing at the end of 2011 europe would spill to theist and the u.s. consumer was changing their habits. i'd like to point out the discretionary consumer is the second best in the market this year, 21%. any whoever made a bet against the u.s. consumer -- >> what kind of pullback are we talking about? if you guys like the market through the early part of 2013 -- >> i don't like it in january, judge, for what i just mentioned because we will see tax laws selling. we have not seen. we have seen gains selling, people taking gains. when they start taking these loss and when all the rest of this stuff kicks in, that's when i worry these guys will make an even worse deal in panic in january. >> let's go to our guests. what is the best way to protect your money with the cliff deadline a few days away, jason pride, director of glenn me. how are you doing? how do you perceive the markets with a couple days of trade iin left? >>
CNBC
Dec 27, 2012 3:00pm EST
know washington very, very well. we've been trying to read the tea leaves today. harry reid was out with a twitter -- a tweet early on, and then they were scheduling a news conference that. got cancelled. it got moved. now suddenly we're hearing that the house is he convening. what do you make of all the tea leaves we're reading right now? >> it's extremely chaotic and reminds me of the arguments between my two young daughters as to who is going to empty the dishwasher, except there's 500 billion in negative fiscal impulse in play here. i thought lee put it very well. the issue at this point, seems to me, i mean, it ain't over till we're over, but it seems to me is this going to be a chaotic cliff dive or more of a bungee jump wherein there does seem to be the makings of a deal. as i've described on our show before, there are technical matters that actually make it easier for republicans to support a compromise deal like the president's last offer after we go over. >> wait a minute. you don't necessarily see any of the developments today as progress per se? >> no, i don't. in fact,
CNN
Dec 28, 2012 2:00am PST
of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house sp
CNN
Dec 30, 2012 10:00am PST
are expecting to hear from republican leader mitch mcconnell, maybe even senate majority leader harry reid, as of now so far as we know there is no fiscal cliff deal, but negotiations primarily betweens those two men are going on even as we speak or between their staffs. we're hearing a new sense of optimism from some senate members who believe they might be able to pass some kind of minimalist package that would keep tax rates from going up on the majority of americans. i want to go to capitol hill and cnn's senior congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is that there is progress being made but in the same breath, but, there are still thingsing to worked out. as we wait for what we generally see when the senate opens which is the pledge of allegiance, a prayer and so forth, if you see the bottom of your screen, i'm not sure if you can see it, white hair, that is harry reid, the senate majority
MSNBC
Dec 26, 2012 6:00am PST
are in the senate and it will be up to harry reid and mitch connell and the president to try to come to a compromise to avoid the tax hikes and spending cuts that go into effect on the first of the year. president obama had been working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new e
CNN
Dec 30, 2012 4:00pm PST
connell, the senate republican leader, and joe biden, the vice president. harry reid, the senate democratic leader is certainly very well-informed. he's kept apprised of what's going on just as the house speaker on the other side of the capitol is as well but these two men are probably hopefully going to work late into the night, maybe early in the morning to see if they can come up with some way to put this in real terms for americans, some way to avert the taxes for every american going up in a big way starting tomorrow night. >> so it's no burning the midnight oil for the senate because they're gone, and congress now, do we know? >> reporter: the senate has decided to formally -- the senate majority leader harry reid said about an hour ago that effectively there won't be any votes tonight. so the hope for getting a deal today that the senate can vote on which was the hope even going into the day, that's not going to happen. in fact, the house, they brought people back for a vote tonight just to have people here in case the senate could vote on something that they could send over to the house. n
NBC
Dec 29, 2012 6:00pm EST
with will be in perfect. some people will not like it. some people will like it less. that is where we are. >> harry reid and mitch mcconnell say they're confident they can find a compromise, but then they have to sell it to john painter and his fellow republicans before -- to don banner -- john painter and his fellow republicans before the deadline. >> he has called them back for a rare saturday session. this sunday, president obama will be the exclusive guest on "meet the press. you can catch the interview right here tomorrow at 10:00 a.m.. >> the third winner storm of the week came in without much of a bang for most folks. in pennsylvania, it brought snow and high wind. they expect to get up to 8 inches of snow by tomorrow morning. driving confessions -- conditions are so hazardous they have set a 45-mile an hour speed limit on the turnpike. we are fortunate not to see those kind of conditions here. >> many people we talked to are wondering what happened to all of this note from earlier today. as you can see, it is gone. the snow took it time to commend to the area. when it finally arrived, it did not
CNN
Dec 26, 2012 4:00am PST
? basically the ball is in the senate's court? >> all you have to do is look at what harry reid, the leader of the senate has been saying from day one. every time that speaker boehner put forth a common-sense plan to fix this problem, harry reid would say, right off the bat it is doa, dead on arrival. not one thing that speaker boehner proposed that reid said, oh, we can work with that. it's about scoring political points. the american people are tired of all of us, i understand that. we just make used car salesmen look good. that's the only group is below us. but we've got to get our act together, and prove to the american people that we can regain the trust that they once had in us and get the job done. and as you say, not kick the can down the road. they want to us work this out. i hope we do. >> let's talk about something a little more bright. the former marine stuck in mexico. if you don't know the story, he was basically trying to go on a surfing trip. an old winnebago and a bunch of surf boards and some sort of antique, torn apart gun that he wanted to use to hunt rabbits and birds.
CNBC
Dec 27, 2012 9:00am EST
on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who haven't been following this kind of thing and raises the stakes for the fiscal cliff end game because the white house had wanted a debt ceiling deal as part of the overall deal here on the fiscal cliff. republicans
CNN
Jan 2, 2013 4:00am PST
. the senate republican leader felt like harry reid's democratic counterpart wasn't negotiating in good faith, trying torepublicans to the edge of the cliff. he called vice president joe biden as an end around. mitch mcconnell walked to the senate cloak room sat down and said socially, look, joe, a lot of these guy s are very smart people, but i don't see the trip wires. i'll call you back with an offer, that's how this start ed 30 hours later, a deal was done. >> sitting in the phone booth in the cloak room. that's amazing. >> for all of the talk on the vice president and senate side, so much drama overnight on the house side. speaker boehner voting for the bill. and eric cantor voting against the bill. the house whip voting against the bill and paul ryan voting for the bill. this is a real split. >> it is. it shows the schism and a real good demonstration of why it was so difficult for speaker boehner to negotiate a bigger, grander deal with the president. he was unable to get his own deal through the house a few weeks ago, and the negotiated deal that passed with overwhelming bipartisan su
CNN
Dec 29, 2012 10:00am PST
-term economic problems. after a moment of spiritual clarity on friday afternoon, harry reid is working on a bipartisan deal ostensibly with his republican adversary mitch mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> well, if the senate manages to reach a compromise, the hope is that the house would follow. that's option one. the green one. option two is less certain. president obama reportedly challenged congressional leaders from both parties on friday to come up with a deal better than the one he proposed. the center piece of which is that the top marginal tax rate will increase for those earning $250,000 or more from 35% to 39.6%. that's only on the amount earned above that threshold. obama has told congress either they come up with something better or put his proposal to a vote. he's betting even those who hate the idea of a tax increase on the rich will hate causing
CNN
Dec 27, 2012 11:00am PST
and they are scattered throughout the country and taxes are going up on january 1st. let's listen to harry reid. he is not happy about the house and being away. he is the top senate democrat. >> we are here in washington working. we have the house of representatives out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> here's a reality. reid said it's beginning to look to him as though we will plunge over the cliff come tuesday. they are keeping an eye on washington to see what develops. since it looks as though we are headed for higher taxes, i want to bring in terry savage, a personal finance expert for the chicago sun times. terry, let's walk through the higher taxes. we heard little class families are likely to lose $2,000 a year. you break it down this way for single earners making $85,000 a year if their take home pay is $2500 every two weeks. when the higher taxes kick in, they will see their pay go down $120. that's not a little. we are taking a major hit. >> this is big money. almost $400 a month. when you add up a cou
FOX Business
Dec 26, 2012 11:00am EST
christmas short. harry reid and democrats expected to lay the groundwork for yet another plan to avoid the looming tax increases and spending cuts. old man winter wiping out the holidays for many people in the country. his work is not done yet. people worried about washington keeping their spending type. time for stocks now. nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to r
ABC
Dec 28, 2012 11:00pm EST
because people can't do their jobs. >> reporter: harry reid and mitch mccono agreed to spend the weekend working on a fall back plan that can pass both chambers of congress. >> some people will not like it, but that's where we are. >> reporter: president obama is pushing for a stop gap measure that would at least avoid tax increases on people earning less than $250,000. frustration is growing. a simple stop gap percent is not what men -- measure is not what many in washington hoped for. many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together. >> house members don't get back here tonight sunday night. >>> president david wilson may be getting a remove of sorts after a lengthy public meeting months announced it is negotiating to keep him on until june 2014. his current contract expires in june of 2013. it was a rough year with two shootings on campus. >>> the russian president signed a law banning americans from adopting russian children. a law
FOX News
Jan 1, 2013 3:00am PST
of the democrats did. >> the little smirks and all that, but the fact is he went in there superseding harry reid who wasn't getting anything done. at least something happened. people wanted to see some sort of action. they wanted to know their congressmen who went home for the break would actually do something. >> here's mitch mcconnell on how this thing went together. he doesn't like the way it happened either but it's still done. >> shouldn't have taken us this long to come to an agreement, and this shouldn't be the model for how we do things around here. i know i can speak for my entire conference when i say we don't think taxes should be going up on anyone, but we all knew that if we did nothing, they would be going up on everyone today. each of us could spend the rest of the week discussing what a perfect solution would have looked like. but the end result would have been the largest tax increase in american history. so it took an imperfect solution to prevent our constituents from a very real financial pain. >> as we mentioned at the outset, the final vote in the senate -- remember, it sti
FOX News
Jan 2, 2013 3:00pm PST
at a time when harry reid went home and went to bed and left it to the vice president. boehner was straight, honest with us ind lowed the regular process to occur. >> white house last friday. fox news confirmed boehner told reid to go "f" himself twice. after reid accused boehner of running the house like a dictatorship and being more concerned about saving his own job than cutting a deal. republican sources say it's likely it will only boost boehner's stock with conservatives. bret? >> you cleaned that up a little bit, mike. what about the signing of the bill and the process here? >> we are told the bill arrived at 4:30 this afternoon. we understand president obama will electronically sign the bill. the first president to use the autotoe pen. the third time he is doing it. cleared by the council's office. >> bret: mike, thank you. if you want a breakdown of what is in the fiscal bill check out wendell goler's piece on the foxnews.com/specialreport. republicans hoping to pick up a legislative win after the fiscal cliff deal has been eyeing the debt ceiling as the next potential arena for sp
MSNBC
Dec 26, 2012 1:00pm PST
the senate has to act. they can do whatever. we're going to say on vacation. who does harry reid have to negotiate with them? where does he go? >> the president and harry reid can only negotiate so much. >> the question becomes if they can get a bill for 250 and below perhaps with the unemployment insurance attached to it, maybe put in sweetener with the estate tax, could they guarantee that would pass the house of representatives? from the statement we do not know that. >> jared, last week it was speaker boehner himself who could not get his own bill passed, the plan "b." and yet here he is trying to put it back on democrats and the president to get the bill passed making it clear they're not prepared to come back to washington and do anything to avoid the fiscal cliff. what do you think's going to happen? >> well, i thought luke took us eloquently through all the scenarios. but to me this is all simple. it really comes down to this. is john boehner willing to introduce a compromise plan in the house of the type the president offered before he left? extend the tax cuts only for the 2
FOX
Dec 31, 2012 5:00am EST
harry reid says he will push a white house fallback bill that. would raise taxes only on families making over $250,000 a year. it would also extend unemployment benefits for two million americans. that could face an up or down vote in monday's session. >> we'll come in at 11:00 a.m. tomorrow morning and we'll have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> reporter: so much at stake for your wallet because if we go off the fiscal cliff, it will be the largest tax increase since world war ii, not to mention the fact that if there is no deal, the markets may react any avery negative way. at the white house, ed henry, fox news. >>> till ahead on fox 5 morning news, when it comes to flying, there aren't but something passengers haven't had access to could soon be coming to a flight near you. >> first, secretary of state hillary clinton hospitalized after another health scare. we'll have an update on her condition this morning when we return.  >>> bad weather is oregon is being blamed for a deadly tour bus crash. nine people were kil
CNN
Dec 27, 2012 2:00am PST
from its christmas vacation to work on a deal today. sources tell us majority leader harry reid will be pushing a scaled back version of the fiscal cliff package that president obama laid out last week. it moved the tax hike needle to $400,000 per household. no word yet on when the house might come back with time ticking away. democrats are hoping that a scaled back plan could get through the house, senate and white house before that big ball drops on 2013. that would be sometime on december 30th or even on new years eve. we want to bring in jonathan allen. he's a senior national correspondent for politico. the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can
CNN
Dec 27, 2012 1:00pm PST
, was senator mitch mcconnell and here we have the majority leader in the senate, harry reid. let's listen in for a second. >> the house has reported by the press and we all know, one of the plans didn't have a name, it wasn't plan b. i don't know which plan it was because they've had a number over there. but this plan was to show the american people that the $250,000 ceiling on raising taxes wouldn't pass in the house. why didn't they have that vote? because it would have passed. they wanted to kill it. the speaker wanted to show everybody that it wouldn't pass the house. but he couldn't bring it up for vote because it wouldn't pass. republicans -- a myriad of republicans think it's the fair thing to do and of course every democrat would vote for that. the republican leader finds himself frustrated that the president has called on him to help address the fiscal cliff. he's upset because, quote, the phone never rang. he complains that i have not passed the resolution to pass the fiscal cliff but he's in error. we all know that in july of this year we passed in the senate the relief that wo
CNN
Dec 28, 2012 11:00am PST
and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it to the house floor for a vote before new year's eve and house minority leader nancy pelosi
CNN
Jan 2, 2013 1:00pm PST
reid days before the deal. it was touched off by this comment from harry reid. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> our senior congressional correspondent, dana bash, is joining us with more on this story. pick it up for our viewers, because some ugly words were exchanged. >> reporter: that's right. this incident happened last friday in the lobby of the white house when they were waiting to go into meet with the president on the fiscal cliff, and we're told by sources from both parties that the senate majority leader, harry reid was sitting on the couch next to mitch mcconnell and the house speaker said to harry reid, go blank yourself, and the blank starts with an "f." and reid laughed it off and did not take it seriously. a republican that wa
CNBC
Dec 28, 2012 6:00am EST
. both sides still far apart, however, on taxes and spending cuts. senate majority leader harry reid says prospects for a deal by monday are still unlikely. there was a lot of movement, motion for not a lot of action. >> where were you yesterday? >> i was here. we were together. >> were we ever with our -- no. but there were duelling senate leaders just -- first mcconnell came on. and he said -- did you see either one of those? >> i did. >> did you see harry reid? >> there's no chance of -- >> but if you think -- i want to rise above. there was so little of anything close to that yesterday other than just the -- i mean, people at home must be like, it's the endless blaming and finger pointing and, you know, when one side says it's all the other side's fault and all the other side comes on and says people at home aren't going, wow, i believe you, harry. or i believe i, mitch. they're saying you're both losers, right? >> right. >> my real concern is this is what the current version of america actually voted for. >> the house is different. all politics is local. harry reid, you know which in
FOX News
Dec 31, 2012 8:00am PST
between mcconnell and senate majority leader harry reid. mcconnell says he and the vice president spoke last night at 12:45, again at 6:30 this morning. mcconnell explained why he reached out to his former senate colleague mr. biden. >> i also placed a call to the vice president to see if he could help jump start the negotiations on his side. the vice president and i have worked together on solutions before, and i believe we can again. >> obviously we were watching to see what the senate does at this hour, what is said at this point i'm hearing it sound like 2:00 eastern time may be another critical time, when they may run by their members, the republicans and the democrats, the latest on those talks, and if there is a deal the details of the deal, jon. jon: we just had senate majority leader read making some remarks from the microphone, perhaps i'll get to word from the control room in just a bit as to what he had to say. he's already peeled off the microphone, i guess he's done, mike, making his opening remarks. so what about the house side? is that where the ball lies right now? or j
CNN
Jan 2, 2013 2:00am PST
, it started this weekend when mitch mcconnell was dealing with his democratic counterpart harry reid and he felt like at one point saturday and sunday that he was not getting a real fair deal out of the majority leader. he felt like perhaps that the democrat was slow walking him toward the fiscal cliff and maybe that he wasn't going to get the kinds of concessions that he hoped to out of the senate majority leader. and so he called joe biden and those guys have a history. they helped cut a debt deal in 2011 and they helped stepped the payroll tax cut that you were just talking about back in 2010. and he was able to start negotiations with the white house. joe biden had been sidelined by president obama for most of these talks. and he was able to kind of get things going and get a better deal out of the white house than he was going to be able to out of senate democrats. >> tell me about the division between the republicans. boehner voted for the bill, cantor did not. are we seeing a fundamental split in the leadership? >> that was a very interesting vote to watch and i think part of what th
CNN
Dec 28, 2012 9:00pm PST
today between the president and the leaders, two republicans and two democrats. harry reid said the next 24 hours would be very important as he and mitch mcconnell put together something that would pass both of their caucuses. and then of course it would have to go to the house. the majority leader harry reid said he's readying a bill for a vote on monday to prevent a tax hike on incomes up to $250,000. senator reid said his bill will include unemployment benefits, a continuation of those. that would be sort of the plan b for democrats simply because what they would rather do is get a bill with senator reid working in conjunction with senator mcconnell. senator reid said he's awaiting good faith proposals from the republicans. president obama said after the meeting that he is modestly optimistic a deal can be reached, but as you can hear from senator reid, the president asked that if a deal between republicans and democrats cannot be reached, then the president wants just an up or down vote on what he wants, which is quite simply no income tax rates going up for people making $250,000 an
CNBC
Dec 26, 2012 3:00pm EST
temporarily. >> wait a minute, jared. john boehner said it's up to the president and harry reid so are both sides standing at the precipice waiting for each other to make the next move. >> not really. it really is all up to john boehner to decide whether he wants to bring this vote to the house floor. if he doesn't, i would put on either your cliff bungee cord or your cliff parachute and that's actually an important difference. >> we would like a bungee cord and a parachute. >> right. >> but i would like to know maybe we have neither. what do you think happens to the market, matt, in either scenario, deal or no deal? >> i can't imagine we're going to get a deal done with any significance. you know, they are probably going to change it as we go forward so maybe they will let us go over the cliff, the market will crash a little bit. i don't want to say crash as in crash but we could retrace some of the gains and a rough start to 2013 until they finally realize that maybe the large-cap companies could be leading us through the rallies. maybe it will take the stocks back up the latter half of 2
CNBC
Jan 2, 2013 7:00pm EST
and the senate to show us your plan. hey, harry reid, how about passing budgets for the first time in three years. how about being willing to be held accountable for a change. >> these are all great fiscally prudent managerial notions as a former businessman, i expect nothing less, but senator johnson, you know you're not going to get all that. and i guess my question is will republicans in the senate hold up a debt ceiling unless and until let's say they get a spending sequester or substitute or something that you can get your arms around. >> well, certainly what i'm going to be pushing for, larry -- one of the things i've been pointing out is we've had this revisionist history that said the last debate resulted in a debt downgrade because of the messy debate. that's not what caused the debt downgrade. what caused that debt downgrade is the fact that the debate did not result in a solution to the problem. when president obama unbelievably said we're not even going to have a debate this time. oh yes, we are, mr. president. because every time you come to congress and you ask for the authority to i
CNN
Dec 27, 2012 4:00pm PST
the cliff. that's where senate majority leader harry reid says we're headed. can washington save us with just five days to go? >>> plus, a proposal to give guns to school principals is gaining support. we're "outfront" with an arizona sheriff who's backing that plan. >>> and the 2012 election was all about viral videos, tonight we're counting down our favorite political video of the year. let's go "outfront." >>> i'm john avalon in for erin burnett. "outfront" tonight, a stark warning from capitol hill. senate majority leader harry reid says we're all headed for fiscal disaster. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left before the first of the year, aren't here. >> we're now told the house will finally return to work on sunday. now, that's december 30th. in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports fro
CNN
Dec 29, 2012 9:00am PST
. senate majority leader harry reid has said if they don't reach something by monday he'll bring forward a bill to help out the middle class for an up-and-down vote. >> right. >> put everybody on the record, but especially republicans. isn't that the tactic? >> exactly right. the step before that is harry reid is working on some bill that might get bipartisan support in the senate. president obama in that meeting apparently told them try and work something out. and reid left and made a statement last night, as did mcconnell, that they're going to try and work something out. the best-case scenario is that sometime tomorrow they are able to put it to the senate and then it quos to the house, and then there's a real bill that sounds like a compromise. it's not the grand bargain we were all looking for. it will be some kind of deal to stop going over the cliff. option two is what we're talking about here, that those two can't get a deal and they put something forward and everybody in the senate and subsequently hopefully in the house gets to say yea or no to it. you're on the record. if you
CNN
Dec 30, 2012 1:00pm PST
or tomorrow that will avert what we believe will be an economic disaster. >> one last question, harry reid said if you can't put something by tonight, he will put a scaled down version of what the president has asked for with regard to tax cuts on the senate planned for of course that is raising taxes on everybody making above $250,000 a year. do you think, knowing your republican colleagues, that enough republicans will cross over the democratic side and allow that to pass, if -- even if it's 60 votes needed? >> you know, it's hard to say until we know exactly what might be in it. this -- this is what i would say about that. if that's where we end up and if he decides to move a bill onto the floor and maybe could pick up the house passed extension of all the rates, hr-8, as a vehicle for that he ought to open it up to the amendment process, give us an opportunity to debate some of these things that we think ought to be a part of t what he will more than likely do, if history is any guide in this, is take a bill and felt amendment tree and prevent republicans from having an opportunity to
CNN
Dec 30, 2012 3:00pm PST
there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senate will reconvene at 11:00 a.m. tomorrow. the senate will reconvene tomorrow at 11:00 tomorrow, and that means no senate votes tonight which is not good news for everybody looking at the calendar and looking at the watch at this point and not the calendar to see that it is midnight tomorrow night that everybody's taxes in this country will go up. simply put, both sides are not at a place where they believe that they can come up with anything to put on the senate floor for a vote tonight. they will give it until the actual deadline, december 31st tomorrow, to reconvene. however, senator reid did say, don, that talks will continue tonight, so that is a good sign at least that the talks are continuing, but the fact that they are not voting tonight when everybody expected this would be the last, the last threshold tonight is not so good. now, during the afternoon, there were several meetings and actually two big meetings i should say. the d
CNN
Dec 31, 2012 4:00pm PST
connell, the democratic leadership of harry reid. i assume their staff people are writing it. >> you assume. my point is the legislator is i distrust any secret process that doesn't stand the light of day, doesn't have open hearings, isn't published. boehner promised at one point he would publish things for three days before they voted on them. i thought that was a good idea. obama campaign promising the negotiations would be on c-span. what they're doing right now is fundamentally wrong and not likely to help very much, and just leads us to the next crisis, which will be over the debt ceiling, to be followed by another crisis. >> i'm going to ask you to stick around if you can. >> unfortunately, i can't, but i do want to wish you a happy new year despite the fact that you're in washington. >> mr. speaker, to you and the entire family, we wish you a happy new year as well. we'll see you back here in washington at some point, i'm sure. >> take care. >> thank you very much. we'll get senator rand paul's perspective on what's going on. the republican senator from kentucky, when we come back. i plugged i
FOX News
Dec 27, 2012 9:00pm PST
of bills of that never seen the light of day because every single time harry reid refuses to bring them up for a vote in the senate. so for this man 20 turnaround and stay that the republicans are dillydallying when it's the republicans who have been showing up in the house for two years and he's done nothing is adommable. the president is playing this very well. this is a masterpiece on his participate but it's also a complete obfiscation. and right now, juan williams, you tell me what president obama has said he would stand unand cut to balance the budget. >> he said he would change our rate of growth in the country, the cpi. >> can you believe talk. >> he's talking about medicare and republicans have talked about eligibility age. >> juan, double talk. give us specifics. >> if you limit the rate of growth, you will see that we will spend less money. that's what we want to do. >> the quintessential washington answer. it's the quintessential washington answer. now give me a specific. we have $3.6 trillion in spending. that's 1.1 trillion above what we can afford. what of the 1.1 trillion h
MSNBC
Dec 27, 2012 9:00pm PST
with the president, the democratic leader in the senate, harry reid, and the republican leader mitch mcconnell have come together and they have saved the day. they did it again and again. it happened in 2010, when mitch mcconnell actually worked with joe biden to extend the bush tax cuts and they got a bunch of stimulus passed. it happened in 2011 when reid and mcconnell were key in resolving the debt ceiling fight. and people thought it could happen again this time. what's different now is mitch mcconnell is up for re-election. and it is weird to say this aloud, what i'm about to tell you. i have never even thought about how weird it is to say until tonight's broadcast. but the person mitch mcconnell has in his head right now, the person he's maybe a bit afraid of, is ashley judd. yeah. that ashley judd. >> don't cry. don't cry. you're going to be fine. >> okay. >> mitch mcconnell's up for re-election potentially against ashley judd. she might be running against him. and she's polling well. they're only about four points apart. so he doesn't want any trouble. he certainly does not want a conservat
FOX
Dec 31, 2012 10:00pm EST
this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from the tax increase tomorrow. there are a number of issues on which the two sides are still apart, but negotiations are continuing as i speak. >> reporter: the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. it would set the tax rate our income people at 39.6%, the rate under former president bill clinton. estates would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extended a year, as would the medicare doc fix and it would permanently fix the alternative minimum tax. a big concern for republicans is there are no new spending cuts. >> history has a way of repeating itself. somehow washington never gets the message and here we are 30 years later on the brink of another crisis on new year's eve still addicted to spending money. >> this has been a long road with a lot of frustration and many pe
NBC
Dec 28, 2012 5:00pm EST
said majority leader harry reid and minority leader mitch mcconnell are currently working on a bipartisan agreement, but if there's no agreement, the president will urgicenter read to bring a package to the floor -- urge senator reid to bring something to the floor for an up or down vote. we will have more on the president's comments and the negotiations ahead at 6:00. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app.
CNN
Dec 27, 2012 4:00am PST
on a deal. now, sources tell us majority leader harry reid will push a scaled-back version of the fiscal cliff package that president obama laid out on friday, which moved the tax hike needle to $400,000. no word yet on when the house of representatives might come back, but democrats say the only hope we have of something getting through the house, the senate and the white house may be a very last-minute deal. cnn radio's lisa is following developments on capitol hill right now. the ball is in senate majority leader harry reid's court it would seem right now, lisa. >> that's right. harry reid and the senate seem to be the only game in town right now with the senate returning today. we also know from sources, ali, that over this christmas break there were no conversations between the president and top-level republicans. sources from both parties are telling us they are watching the senate, especially the democratic leadership in the senate. we also know yesterday house republicans came out with a statement saying that he will act only after the u.s. senate acts. we're not sure what the se
NBC
Dec 30, 2012 9:00am EST
. >> majority leader harry reid and minority leader mitch mcconnell say they're confident they come to a compromise but they have to sell it to john boehner and fellow republicans before the deadline. >> president obama will be david gregory's exclusive guest on "meet the press" later this morning. you can watch his interview at 10:00 a.m. former president george h.w. bush is out of intensive care and said to be improving this morning. he is in a regular room at houston methodist hospital. a family spokesperson says the family thanks everyone for their prayers and good wishes. he is being treated for a cough. a lawyer for one of the survivors of the newtown school massacre says the state of connecticut didn't do enough to keep kids safe and wants to sue for $100 million. the attorney says the state failed to provide a safe setting for his clintd, an unidentified 6-year-old girl. he says after hearing gunfire, she was left with emotional scars. to howard county where police say they've cracked a string of burglaries that hit homes in columbia and ellicott city. nadia ramdass has the
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